Zhang Financial LLC Boosts Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Zhang Financial LLC raised its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 16.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 802 shares of the company’s stock after acquiring an additional 116 shares during the period. Zhang Financial LLC’s holdings in MercadoLibre were worth $1,364,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of MELI. MassMutual Private Wealth & Trust FSB increased its holdings in MercadoLibre by 33.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 56 shares of the company’s stock valued at $95,000 after acquiring an additional 14 shares during the last quarter. UMB Bank n.a. grew its position in shares of MercadoLibre by 26.8% during the fourth quarter. UMB Bank n.a. now owns 289 shares of the company’s stock valued at $491,000 after purchasing an additional 61 shares in the last quarter. Sarasin & Partners LLP increased its holdings in shares of MercadoLibre by 1.0% in the fourth quarter. Sarasin & Partners LLP now owns 65,516 shares of the company’s stock worth $111,406,000 after purchasing an additional 662 shares during the last quarter. Diversify Wealth Management LLC lifted its position in shares of MercadoLibre by 15.6% in the fourth quarter. Diversify Wealth Management LLC now owns 460 shares of the company’s stock worth $809,000 after buying an additional 62 shares in the last quarter. Finally, Annex Advisory Services LLC boosted its stake in MercadoLibre by 21.2% during the fourth quarter. Annex Advisory Services LLC now owns 13,087 shares of the company’s stock valued at $22,254,000 after buying an additional 2,292 shares during the last quarter. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Price Performance

Shares of MELI stock opened at $1,836.00 on Monday. The stock has a 50 day moving average price of $1,853.58 and a 200 day moving average price of $1,905.33. The firm has a market capitalization of $93.09 billion, a P/E ratio of 64.78, a P/E/G ratio of 0.92 and a beta of 1.60. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25. MercadoLibre, Inc. has a 52-week low of $1,324.99 and a 52-week high of $2,161.73.

Insider Transactions at MercadoLibre

In other MercadoLibre news, Director Emiliano Calemzuk sold 50 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $1,984.98, for a total value of $99,249.00. Following the completion of the sale, the director now directly owns 238 shares of the company’s stock, valued at $472,425.24. The trade was a 17.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Wedbush decreased their price objective on MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating on the stock in a report on Monday, January 6th. Barclays decreased their price target on shares of MercadoLibre from $2,500.00 to $2,200.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 12th. JPMorgan Chase & Co. dropped their price objective on shares of MercadoLibre from $2,150.00 to $1,950.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Citigroup decreased their target price on shares of MercadoLibre from $2,480.00 to $2,450.00 and set a “buy” rating on the stock in a research report on Tuesday, November 26th. Finally, Morgan Stanley dropped their price target on MercadoLibre from $2,500.00 to $2,450.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $2,247.67.

About MercadoLibre

MercadoLibre, Inc operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps.